Otis Worldwide Corp. (OTIS) Dividends
Dividend Yield and Dividend History Highlights
OTIS Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $99.44 | $32.71 | -57.21% |
For dividend yielding stocks, the Dividend Discount Model (DDM) is a common valuation tool; it attempts to extrapolate a fair share price based primarily on the dividend the stock provides relative to a number of other quantiative aspects of its business. In the case of OTIS, the DDM model, as implemented by StockNews, implies a negative return of 57.21% relative to its current price. Some interesting points we thought investors may wish to consider regarding the dividend discount model forecast for Otis Worldwide Corp are:
- Relative to all dividend yielding stocks in our set, OTIS offers a dividend yield in the bottom 1.26% of its fellow sector mates.
- In terms of opportunity, OTIS's provides a return of -57.21% based on the forecast of the dividend discount model we used relative to its current share price; this is a better return than 26.9% of all stocks we measured with our dividend discount model.
- A stock's beta generally indicates its volatility relative to the broader equity market; for Otis Worldwide Corp, its beta is lower than 35.19% of dividend issuing stocks we observed.
OTIS Dividend History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2024-08-16 | Dividend | $0.39 | -- |
| 2024-05-16 | Dividend | $0.39 | +14.71% |
| 2024-02-15 | Dividend | $0.34 | -- |
| 2023-11-16 | Dividend | $0.34 | -- |
| 2023-08-17 | Dividend | $0.34 | -- |
| 2023-05-18 | Dividend | $0.34 | +17.24% |
| 2023-02-16 | Dividend | $0.29 | -- |
| 2022-11-17 | Dividend | $0.29 | -- |
| 2022-08-18 | Dividend | $0.29 | -- |
| 2022-05-19 | Dividend | $0.29 | +20.83% |
| 2022-02-17 | Dividend | $0.24 | -- |
| 2021-11-18 | Dividend | $0.24 | -- |
| 2021-08-19 | Dividend | $0.24 | -- |
| 2021-05-20 | Dividend | $0.24 | +20.00% |
| 2021-02-11 | Dividend | $0.20 | -- |
| 2020-11-19 | Dividend | $0.20 | -- |
| 2020-08-20 | Dividend | $0.20 | -- |
| 2020-05-21 | Dividend | $0.20 | -- |
OTIS Dividends vs. Peers
OTIS's dividend yield currently ranks #39 of 103 vs. its peers in the Industrial - Machinery category.